re: broker has buy / looking ahead
Re: TIM - Timbercorp for techies ... Reply #27 on: 02.10.2002 at 15:39:51
TIM - Looking ahead:
Hi folks,
TIM has been responding well to a particular time cycle, since 311298.
In review:
1. TIM has been responding to a regular cycle ... last turn being on 310701.
2. TIM has also shown a strong correlation to the vibration of the number 31.
3. Support and resistance channels, marked by Gann lines, have continued to support TIM.
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So now, it's almost TIME to consider another trade on TIM.
During the last cycle, TIM responded with a 39 + cent rally ... 111002 will see us looking to go long again.
You will notice that TIM broke out of a month-long, flat trading period on 270902 ... exactly one year after the breakout, last year.
Anniversaries are important .....!~!
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Trading strategy for this TIM trade will be to enter long on 111002, provided it is not below 44 cents.
If TIM breaks through .60 in the next 5 trading days until 111002, then that will trigger our long trade anyway.
This trade will end on 220203 and/or if our price target of 39 cents above our entry on 111002, is reached before then.
Of course, a trailing stop loss will be in force at all times.
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111002 also represents 30:49.3 degrees movement from the 310701 low ... just shy of that vibrational number 31.
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For the techies, introduce a Gann line, using 1080/59 rise/run parameters, but being taken from zero(0) on 310701.
Remember these lines are projected from a single point .....
..... you can see how it has supported the most recent rally, since the end of July, 02.
That low in July, 02 also marked a double bottom pattern for TIM that took almost a year to complete.
Other positive indicators for TIM are the very tightly spaced moving averages and the fact that the price has remained above them, since the recent breakout.
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In short, key dates for TIM going forward may be:
111002 - 220203 - 110403
hope this helps some
yogi
TIM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held